Hard Money Lenders Vail, CO

How are hard money loans in Vail structured?

Vail hard money loans are a little different from conventional loans—from the approval process to the loan structure itself. Our hard money lenders tailor loans to real estate investors, offering flexible terms to ensure you have the funding you need whether you’re purchasing a commercial or residential property.

We don’t offer the same loan terms to every borrower, so interest rates and fees can vary. You can find out standard hard money loan terms below:

• Financing for anywhere from $100,000 to $5 million
• Origination fees starting at 2%
• Fixed interest rates as low as 8.99%
• Loans up to 65% LTV in first position, 50% CLTV in second position
• No minimum credit score
• No minimum income
• No junk fees or prepayment penalties
• Short-term agreements between 12 and 24 months

Our Vail hard money lenders have extensive experience working with real estate investors, so we know what it takes to finance a successful venture. If our standard loan terms don’t fit your needs, we can be flexible to make sure you’re getting the financing you need. If you have any questions about our loan terms or how we determine interest rates and fees, feel free to reach out to us.

How can I get approved for a hard money loan in Vail?

Getting approved for a hard money loan in Vail is easier than you might think. It’s our mission to make real estate investing easier—whether you’re a beginner or an experienced investor. That starts with our simple online application process, which only takes a few minutes. Here’s what you need to complete your application:

• Your first and last name
• Your phone number
• A valid email address
• The loan amount you’re requesting
• Details about the property you’re purchasing

It only takes about 10 minutes to fill out our loan application, and you’ll receive a response within 24 hours. Our response will include a no-obligation written agreement with the details of your loan, including your interest rate and lender fee. If you accept our offer, we’ll fund your loan within 7 to 10 days so you can start investing as soon as possible.

What kind of properties can I get a loan for in Vail?

Whether you’re investing in commercial or residential real estate, our Vail hard money lenders can work with you to finance your loan. While there are some types of properties we don’t offer financing for, you can finance most commercial and residential investments with a hard money loan. Here’s a quick breakdown of what we finance.

Residential properties:

• Fix and flip properties: remodels, renovations, buy and holds
• Single-family, duplexes, triplexes, and quadruplex homes
• Apartments
• Condominiums

Commercial properties:

• Multi-family units: planned communities and complexes
• Office spaces: business, executive suites, medical offices
• Industrial zones: distribution centers, manufacturing factories, warehouses

Types of Loan Programs

Getting approved for a loan starts with applying for the right type of loan. The hard money lenders at Source Capital have extensive experience working with real estate investors, which means we can offer specific types of hard money loans that are tailored to your needs.

Refinance

If you already own property and you’re looking to leverage your equity to start investing, refinancing is an option. When you refinance through Source Capital, you can pay off your loan and use the rest of the money to invest in real estate while taking advantage of our competitive interest rates.

Investment purchase

Looking to invest in rental property? Our hard money lenders can help. Source Capital specializes in financing real estate investments, from rental homes and fix and flips to buy and holds and more.

Commercial property

Our Vail hard money lenders have lots of experience working with commercial real estate investors, so we can finance your loan whether you’re purchasing a retail storefront, office space, or industrial building. We don’t currently offer loans for hospitality properties.

Probate and estate

Receiving a large inheritance can help you get your start as a real estate investor, but it can take a long time for the probate process to play out. With a hard money loan from Source Capital, you can use your inheritance to apply for a loan and receive funding in 7 to 10 days, so you don’t have to wait.

How Our Loans Work

You may be wondering how we can approve your loan application even if you’ve been turned down by conventional lenders. At Source Capital, we don’t focus on your income and credit score as much as we look at the value of your assets and the property you’re purchasing.

Your loan to value (LTV) ratio is one of the biggest deciding factors when we’re reviewing applications. Since we can finance loans up to 65% LTV, we can’t finance your loan if the loan amount is more than 65% of the value of the property.

Since we’re a hard money lender, we don’t have to perform a hard credit check when you apply for a loan. As a result, your credit won’t be impacted even if we can’t approve your loan application.

Popular Vail Areas

The success of your real estate investment hinges upon the property you pick—and that starts with shopping in the right neighborhood. Check out some of these popular parts of Vail to get your search started.

Vail Village

Vail Village is the pedestrian-friendly part of town, offering a host of amenities in one tightly packed area. While Vail Village has more of the “downtown” feel, it still maintains the little village charm that people love Vail for. From luxury homes to upscale condos, there’s a diverse selection of real estate here.

West Vail North

West Vail North is a great neighborhood for people who want to get away from the hustle and bustle and spend some time in nature. Many of the homes in West Vail North offer stunning views, and there are plenty of upscale homes in the area to choose from.

How much does a hard money loan cost in Vail?

Before you apply for a hard money loan in Vail, you should understand the total cost of hard money loans. You have to pay interest over the life of your loan, and we charge a small origination fee when we fund your loan.

The actual cost of your Vail hard money loan will depend on several factors, including:

• Your interest rate
• Your origination fee
• The duration of your loan
• The loan amount

If you want to minimize the cost of your hard money loan, commit to making on-time monthly payments to avoid additional fees and penalties.

Can I get a hard money loan in Vail with low credit?

Getting approved for a loan with low credit or a lack of income can be tough, but it’s not impossible. The hard money lenders at Source Capital can finance your real estate venture even if your credit isn’t ideal. Even if you don’t have the best financial past, we may be able to finance your loan.

Why choose Source Capital?

Are you ready to start investing in Vail real estate? There are plenty of opportunities in the area, and Source Capital can help you secure the funding you need to invest. From retail stores and office buildings to single-family homes and condos, we have extensive experience financing a wide range of real estate investments.

With Source Capital, you get access to competitive rates and fast funding times that help you beat the competition. Plus, it only takes 24 hours to find out if you’re approved for a loan.

Apply online or contact us to connect with a Vail hard money lender today.